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India and World Bank Launch Five-Year Partnership to Deliver $8–10 Billion a Year for Job-Rich Growth

The plan channels funding through existing Indian programs to mobilize private capital across priority sectors.

Overview

  • The Country Partnership Framework took effect at the start of 2026 and will run for about five years.
  • Financing targets five areas that generate local employment at scale: infrastructure and energy, agribusiness, healthcare, tourism, and value-added manufacturing.
  • Funds begin flowing through initiatives such as the ITI skilling program, Maharashtra’s resilient agriculture project, Kerala’s health systems upgrade, and electric mobility expansion.
  • The commitment exceeds the previous framework’s $6–7 billion a year and emphasizes reforms, risk tools, and technical assistance to unlock private investment.
  • Ajay Banga and Nirmala Sitharaman backed the jobs-first focus as India remains the World Bank Group’s largest client by portfolio.